Title: US climate policy: A critical assessment of intensity standards
Authors: BÖHRINGER CHRISTOPHGARCIA-MUROS XAQUINGONZALEZ-EGUINO MIKELREY LOS SANTOS LUIS
Citation: ENERGY ECONOMICS vol. 68 no. Supplement 1 p. 125-135
Publisher: ELSEVIER SCIENCE BV
Publication Year: 2017
JRC N°: JRC106108
ISSN: 0140-9883 (online)
URI: https://publications.jrc.ec.europa.eu/repository/handle/JRC106108
DOI: 10.1016/j.eneco.2017.10.021
Type: Articles in periodicals and books
Abstract: Intensity standards have gained substantial momentum as a regulatory instrument in US climate policy. Based on numerical simulations with a large-scale computable general equilibrium model we show that intensity standards may rather increase than decrease counterproductive carbon leakage. Moreover, standards can lead to considerable welfare losses compared to emission pricing via carbon taxation or an emissions trading system. The tradability of standards across industries is a mechanism that can reduce these negative effects.
JRC Directorate:Energy, Transport and Climate

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